Paymetric Announces
Industry’s Next Generation Payment Engine Software
XiPay 3 Provides Improved
Performance and Enhanced Data Protection for PCI Security
Compliance
HOUSTON, March 12, 2007 –
Paymetric, a provider of innovative payment card software
solutions, announced today the latest release of its
industry leading payment processing engine XiPay™
3. The new version of XiPay offers increased cardholder
data security, faster performance and greater operational
efficiency to provide an organization maximum control
over payment card transactions. Paymetric’s flagship
product manages and protects credit card transactions
across a variety of enterprise applications including
enterprise resource planning (ERP) systems, web stores,
call centers and custom applications.
“Recent high-profile data security breaches have
brought the protection of credit card information to
the forefront of discussions,” said Ty Miller,
Paymetric chairman and CEO. “Organizations are
seeking to secure sensitive transaction information
from unauthorized access to meet compliance regulations
and maintain customer loyalty. Our latest solution helps
companies achieve this goal and is aligned with industry-driven
payment card security standards.”
XiPay 3 uses updated encryption techniques based on
the latest Advanced Encryption Standard (AES) algorithms
to make card information unreadable as it is processed
and stored in XiPay. Key management and rotation capabilities
provide the functionality required by Visa and Payment
Card Industry (PCI) standards for protection of cardholder
data. Additionally, XiPay 3 provides the capabilities
around user management, access control and logging,
thus allowing companies to further protect their customer’s
data. Equally important, XiPay 3 can extend its encryption
capabilities into SAP, enabling SAP customers to rapidly
and efficiently comply with PCI data security standards.
“We have been providing encryption technology
to protect cardholder data since 2002,” said Gary
Epple senior vice president of product development and
services at Paymetric. “In our latest version
we sought to add key management and key rotation functionality
that would help our clients safeguard sensitive information
and quickly meet PCI DSS standards.”
XiPay 3 also brings enhanced performance to users by
providing increased system capacity, higher throughput
rates for payment transactions and new batch monitoring
features. The number of transactions processed per second
has increased by more than three times and the average
transaction response time has decreased significantly
– resulting in more a cost effective and responsive
customer credit card processing system.
“Our new graphical user interface (GUI) is more
intuitive and we’ve added reporting and monitoring
capabilities to notify users of the batch settlement
status and enable batch settlement resubmission,”
stated Epple. “We’ve worked very hard to
make this version easier-to use while still delivering
on the robust features our customers need to process
critical payment transactions efficiently.”
Operational enhancements have decreased the overall
cost of ownership through additional system features
like providing new facilities for more effectively managing
batch submissions of credit card transactions to processors.
This release also includes improved system deployment
and maintenance tools.
By using XiPay, organizations are able to streamline
payment processes, meet PCI compliance requirements
and leverage investments in ERP systems like SAP. XiPay
3 has been validated against Visa’s Cardholder
Information Security Program (CISP) Payment Application
Best Practices.
About Paymetric, Inc.
Paymetric, Inc. provides Enterprise Payment Solutions
that enable companies to reduce operating costs and
risks, increase visibility and control, and expand and
protect revenues. Paymetric streamlines enterprise payment
processes within the financial supply chain by embedding
card payment and acceptance capabilities into existing
business processes and systems. Paymetric is an Austin
Ventures portfolio company, an award-winning SAP Software
Partner. Visit
www.paymetric.com for additional information.
SAP, SAP NetWeaver, ABAP, mySAP, xApps and other SAP
products and services mentioned herein as well as their
respective logos are trademarks or registered trademarks
of SAP AG in Germany and in several other countries
all over the world.
All other names mentioned herein may be trademarks of
their respective owners.
Contact
Tim Girgenti, VP Marketing, 713.895.2000,
tgirgenti@paymetric.com
